World News: 21:30 GMT Wednesday 12th June 2019. [Orion Engineered Carbons S.A. via Businesswire via SPi World News]
Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company“ or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, today announced the Company will expand its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant, Germany.
Orion is responding to the continuously growing global market for waterborne and solventborne coatings by debottlenecking our gas black production. Orion’s Gas Blacks feature excellent fineness and a very narrow particle size distribution to provide the deepest blackness Specialty Carbon Blacks available for demanding coatings customers.
“The expansion of capacity in Cologne is one more step in the rapid realignment of Orion’s portfolio toward higher value-added Carbon Blacks for specialty and technical rubber applications,” said Corning Painter, Orion’s Chief Executive Officer.
Dr. Sandra Niewiem, Vice President, Business Line Specialty Carbon Black, added, “Products from Cologne are shipped globally to customers in various high-end coatings and printing applications, including high jet automotive OEM and refinish, antistatic coatings as well as packaging and UV curing inks. This initiative reflects the high confidence of our customers in Orion’s products and technical support capabilities.”
About Orion Engineered Carbons S.A.
Orion is a worldwide supplier of Carbon Black. Orion group produces a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Acetylene Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 global production sites. The group has approximately 1,450 employees worldwide. For more information please visit the Orion website www.orioncarbons.com.
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.
Business Wire: 21:30 GMT Wednesday 12th June 2019
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